Kolao Holdings (KOSE:A900140) agreed to acquire 16% stake in S&T Motors Co., Ltd. (KOSE:A000040) from S&T Motiv Co., Ltd. (KOSE:A064960) for KRW 16 billion in cash on February 28, 2014. Under the transaction, Kolao Holdings will acquire 19.15 million shares of S&T Motors. The transaction has been resolved by Board of Directors of Kolao Holdings and is expected to close by March 19, 2014.